Peapack Gladstone Financial Corp Purchases 136 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Peapack Gladstone Financial Corp raised its position in shares of W.W. Grainger, Inc. (NYSE:GWWFree Report) by 15.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,027 shares of the industrial products company’s stock after acquiring an additional 136 shares during the period. Peapack Gladstone Financial Corp’s holdings in W.W. Grainger were worth $851,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. FMR LLC grew its holdings in shares of W.W. Grainger by 17.2% in the third quarter. FMR LLC now owns 1,396,928 shares of the industrial products company’s stock worth $966,451,000 after purchasing an additional 204,507 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of W.W. Grainger by 1.3% during the fourth quarter. Clearbridge Investments LLC now owns 978,154 shares of the industrial products company’s stock valued at $810,586,000 after acquiring an additional 12,445 shares in the last quarter. Northern Trust Corp increased its holdings in W.W. Grainger by 1.8% in the 3rd quarter. Northern Trust Corp now owns 751,855 shares of the industrial products company’s stock worth $520,163,000 after buying an additional 13,063 shares during the period. Franklin Resources Inc. increased its holdings in W.W. Grainger by 1.7% in the 4th quarter. Franklin Resources Inc. now owns 689,090 shares of the industrial products company’s stock worth $571,042,000 after buying an additional 11,460 shares during the period. Finally, Morgan Stanley increased its holdings in W.W. Grainger by 8.3% in the 3rd quarter. Morgan Stanley now owns 625,013 shares of the industrial products company’s stock worth $432,411,000 after buying an additional 47,731 shares during the period. Institutional investors own 80.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GWW shares. StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Stephens upgraded W.W. Grainger from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $1,000.00 to $1,250.00 in a research report on Monday, April 29th. UBS Group increased their target price on W.W. Grainger from $740.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Robert W. Baird lowered W.W. Grainger from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $1,000.00 to $975.00 in a research report on Wednesday, May 29th. Finally, Loop Capital decreased their price objective on W.W. Grainger from $1,000.00 to $975.00 and set a “hold” rating on the stock in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $959.44.

Read Our Latest Research Report on GWW

W.W. Grainger Stock Up 0.4 %

Shares of NYSE:GWW opened at $890.69 on Thursday. The business has a 50-day moving average price of $957.08 and a 200 day moving average price of $913.22. The company has a current ratio of 2.19, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $43.71 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 1.73 and a beta of 1.16. W.W. Grainger, Inc. has a 12-month low of $661.01 and a 12-month high of $1,034.18.

W.W. Grainger (NYSE:GWWGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $9.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.57 by $0.05. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. W.W. Grainger had a return on equity of 54.31% and a net margin of 10.94%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the company earned $9.61 EPS. Sell-side analysts expect that W.W. Grainger, Inc. will post 39.34 EPS for the current year.

W.W. Grainger Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Monday, May 13th were given a $2.05 dividend. This is an increase from W.W. Grainger’s previous quarterly dividend of $1.86. This represents a $8.20 annualized dividend and a yield of 0.92%. The ex-dividend date was Friday, May 10th. W.W. Grainger’s payout ratio is currently 22.64%.

W.W. Grainger Company Profile

(Free Report)

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.

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Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

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